The founders of life is good started their business by hawking t-shirts on the street and selling them door to door in college
2 answers:
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Answer:
Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = $9,096 Unfavorable
Explanation:
Actual variable overhead rate = =
Therefore variance with the budgeted standard variable overhead
= (Standard Overhead rate - Actual overhead rate) Actual Hours
= ($9.70 - $10.34) 6,400 = -$4,096
And Fixed Overhead variance = Standard Fixed Overhead - Actual Fixed Overhead = $69,000 - $74,000 = -$5,000
Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = -$4,096 + -$5,000 = -$9,096
Since the value of variance is negative it means the expense both variable and fixed are over absorbed, which means it is unfavorable.
Total of the variable overhead rate and fixed manufacturing overhead budget variances for the month = $9,096 Unfavorable
Answer:
d. 15.09
Explanation:
425,000 sales
52,500 AR
year of 365 days
<u>Days Sales Outstanding</u>
<u>Average days late</u>
45.09 - 30 = 15.09
in average customer pays within 45 days.
That is 15.09 days above the allowed credit period.